Georgia Sells NATO-EU Center Building in Tbilisi Auction
A building in central Tbilisi, which since 2005 has housed the NATO and EU Information Centre by the initiative of President Mikheil Saakashvili, was sold at auction to private investors for 34.8 million lari (approximately $13.3 million), according to the local Business media agency.
Consensus
- The building in central Tbilisi, previously housing the NATO and EU Information Center since 2005, was sold at auction.
- The building was owned by Georgia's Ministry of Foreign Affairs.
- The auction was conducted by the National Agency for State Property.
- The sale price was 34.8 million GEL (approximately $13.3 million).
- The starting price of the auction was 14 million GEL ($5 million).
- The buyers are a group of Georgian businessmen whose names are not disclosed.
- The new owners must sign an agreement with the National Agency for Cultural Heritage to preserve the building's appearance.
- The new owners are required to invest approximately $1.9 million (5 million GEL) within four years.
- The building will be converted into a hotel and food service facilities.
- The Ministry of Foreign Affairs of Georgia ceased operations of the Information Center in 2025.
Points of divergence
- The new owners must invest approximately $1.9 million over the next four years. — vesti
- The new owners must invest approximately 5 million GEL ($1.9 million) over the next four years. — kommersant
- The building will be used for a hotel and food service facilities, but not for shops. — kommersant
- The building will be used for a hotel and catering facilities. — vesti
Coverage (2 sources)
- In Georgia, a building of the NATO and EU Information Centre was sold through an auction — Вести
- Georgian authorities sold the building of the NATO and EU Information Center at auction — Коммерсантъ
Key entities
- NATO
- EU
- Information Center
- Georgia
- MID
- Tbilisi
- Mikhail Saakashvili
- Business media
- National Agency of State Property
- Moscow